Honeywell International Inc. grew its stake in shares of HCP, Inc. (NYSE:HCP) by 27.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,676 shares of the real estate investment trust’s stock after buying an additional 35,120 shares during the quarter. Honeywell International Inc.’s holdings in HCP were worth $4,499,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Peoples Financial Services CORP. raised its position in shares of HCP by 4.0% during the 2nd quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 125 shares in the last quarter. Sun Life Financial INC raised its position in shares of HCP by 42,675.0% during the 2nd quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 3,414 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of HCP by 252.5% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 2,525 shares in the last quarter. Advisory Services Network LLC raised its position in shares of HCP by 4.1% during the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 150 shares in the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in shares of HCP during the 2nd quarter worth about $172,000. Institutional investors own 89.73% of the company’s stock.
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A number of analysts recently commented on the stock. Morgan Stanley dropped their target price on shares of HCP from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, September 25th. KeyCorp reiterated a “hold” rating on shares of HCP in a report on Sunday, September 17th. BMO Capital Markets reiterated a “hold” rating and issued a $32.00 target price on shares of HCP in a report on Wednesday, September 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 target price on shares of HCP in a report on Tuesday, August 22nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $31.00 target price on shares of HCP in a report on Wednesday, July 5th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. HCP has an average rating of “Hold” and an average price target of $30.98.
Shares of HCP, Inc. (NYSE:HCP) traded down 0.059% on Monday, reaching $25.555. 1,099,390 shares of the company were exchanged. The stock has a market capitalization of $11.98 billion, a P/E ratio of 17.420 and a beta of 0.38. The stock has a 50 day moving average price of $27.48 and a 200-day moving average price of $30.22. HCP, Inc. has a 12 month low of $25.09 and a 12 month high of $34.46.
HCP (NYSE:HCP) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. HCP had a return on equity of 9.96% and a net margin of 32.16%. The business had revenue of $458.90 million during the quarter, compared to analysts’ expectations of $456.29 million. During the same period in the prior year, the business earned $0.71 EPS. HCP’s revenue for the quarter was down 14.8% compared to the same quarter last year. On average, equities analysts expect that HCP, Inc. will post $1.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Monday, November 6th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 5.79%. HCP’s payout ratio is 102.07%.
HCP Company Profile
HCP, Inc is a self-administered real estate investment trust. The Company invests in real estate serving the healthcare industry in the United States. The Company’s segments include senior housing triple-net (SH NNN), senior housing operating portfolio (SHOP), life science and medical office. Its senior housing facilities include independent living facilities, assisted living facilities, memory care facilities, care homes, and continuing care retirement communities.
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